Report
European inflation: noise, signal and the ECB
In January, inflation in the Eurozone jumped by 1.2 points to 0.9% year-on-year, largely due to the increase in VAT rates in Germany. Later this year, the ECB's target inflation rate of 2% is likely to be exceeded. After the compression of some prices in 2020, the base effects are expected to be very strong. Some market participants might then recommend a less accommodative monetary policy. The ECB has no reason to react to a bump in inflation, but since Christine Lagarde has acc...
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Oddo BHF
Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.
Bruno Cavalier
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